Retirement Savings

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Prepare for the future today with the DriveTime 401(k)
Plan

The DriveTime 401(k) plan is designed to be a partnership
between you and DriveTime, with each playing an active role in
preparing for your retirement. DriveTime has provided you with a
vehicle that offers you the opportunity to prepare for a secure
retirement. Your regular contributions through the 401(k) Savings
Plan can add a significant amount to your retirement assets. The
earlier you make a commitment to your future and do something about
it, the greater benefit you will receive.

Does DriveTime contribute to my 401(k)?

Yes, DriveTime will contribute 40 cents on every dollar for the
first 6% of you invest into your 401k. Our vesting schedule
is at 20% per year so you are fully vested after 5 years of
service.

Years of Service

Percentage Vested

Less than 1 year

0%

1 year

20%

2 years

40%

3 years

60%

4 years

80%

5 or more years

100%

Enrolling in 401k

You are eligible to enroll on your 31st day of employment.
You can enroll online at www.401k.com or by calling Fidelity
at (800) 890-4015.
When enrolling online you will need to set up your personal
identification number (PIN). If you're already a Fidelity customer,
you can use your existing PIN.
You will then need to click on "Enroll Now" in the center of the
NetBenefits homepage.

401K Bonus Deduction Form

If you would like to have amounts from your bonus checks be put
into your 401K you will need to complete a 401K bonus deduction form. You will still
be subject to all 401K annual contribution amounts. You can
start or stop this election at any time (please note it will take
approximately one pay period for adjustments to be effective).

Legal Notices

Below click on the links for the PDF's showing the Summary
Annual Report (SAR) and the Annual Notice of Qualified Default
Investment Alternative (QDIA)

Annual maximum for 2015 and 2016 is $18,000 - for more
information please go to IRS.gov

401k Catch Up Opportunity

If you are a participant in the 401(k) plan and are over the age
of 50 during the calendar year, you are eligible to defer an
additional $6,000.00 over the standard 401(k) limit of
$18,000.00. This may be an excellent pre-tax savings
opportunity for you. Please note: catch-up contributions
ARE eligible for the employer match.

The Catch-up contributions are defined by the IRS as the
following:

For tax years beginning after 2001, a plan may permit
participants who are age 50 or over at the end of the calendar year
to make additional elective deferral contributions. These
additional contributions (commonly referred to as catch-up
contributions) are not subject to the general limits that apply to
401(k) plans. An employer is not required to provide for catch-up
contributions in any of its plans. However, if your plan does allow
catch-up contributions, it must allow all eligible participants to
make the same election with respect to catch-up contributions.

If you would like to find out more information about the 401(k)
Catch-Up, please submit your inquiry to DriveTime's Benefits
Department. Please note that the 401(k) Catch-Up only applies
to participants who meet the maximum yearly deferral of
$24,000 and are over 50 years of age or will be 50
years of age within the calendar
year.